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Will Yellen Spoil the US Dollar Party

Stephen Innes, senior trader at OANDA, is very cautious:

As the December rate hike probabilities are all but entirely price-subscribed, it comes down to a call on the future pace of interest rate hikes (dot plots) that the Fed projects for 2017. A more aggressive Fed lean will see the USD rocket higher, and while a less aggressive tack will not necessary Spoil the Party, it will certainly stall dollar momentum. Realistically, I cannot see how the Chairperson would not be anything but cautious, as the US and global economies shift from  a world of accommodative monetary policy excess to one of fiscal indulgence. So let’s not bring out the party hats just yet.


US Dollar Symbol and Map isolated on white background. 3D render

This post first appeared on MarketPulse - MarketPulse - MarketPulse Is The Mar, please read the originial post: here

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Will Yellen Spoil the US Dollar Party


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